Cardano’s price smashes new yearly highs at $0.92 for the first time since April 2022. Then the price continued to drain as the markets were stuck within a rising bear market, but now they are at the foothill of a huge bull run.
Now that the tokens are heading towards their psychological barrier, market participants are looking at $100K for Bitcoin, $265 for Solana, $100 for Litecoin and $1 for the ADA price rally.
After reaching the levels above $0.92, the bulls are expected to push the prices harder towards the interim milestone. However, they are expected to test some crucial resistance, which may be considered a strong barrier, before hitting $1. The token has not visited this range in the past 30 months and it’s quite obvious that the traders stuck at this range may intensify their activity. Previously, the barrier was around $0.8, which was held for nearly a week and now it has shifted to $0.95.
Hence, reaching the interim milestone at $1 could be delayed for a while, probably in the first few days of December, if the current trade plays out well.